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Reuters
01-08-2025
- Business
- Reuters
Gold set for third weekly loss amid stronger dollar, reduced Fed rate cut hopes
Aug 1 (Reuters) - Gold prices held steady on Friday, but is poised for a third consecutive weekly loss pressured by a stronger dollar and diminished expectations for U.S. rate cuts, while uncertainty from U.S. tariffs on trading partners offered support. Spot gold was steady at $3,288.89 per ounce, as of 0733 GMT. Bullion is down 1.4% so far this week. U.S. gold futures edged down 0.3% to $3,339.90. The dollar index (.DXY), opens new tab hit its highest level since May 29, making gold more expensive for other currency holders. "Gold remains weighed by reduced bets for Fed rate cuts for the rest of 2025. This week's U.S. GDP, weekly jobless claims, and PCE figures also shored up the Fed's reluctance to commit to a rate cut," said Han Tan, chief market analyst at Fed held rates steady in the 4.25%-4.50% range on Wednesday and dampened expectations for a September rate cut. U.S. President Donald Trump slapped steep tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan, pressing ahead with his plans to reorder the global economy ahead of a Friday trade deal deadline. "The precious metal should, however, remain supported amid the still-uncertain impact from U.S. tariffs on global economic growth," Tan said. U.S. inflation increased in June as tariffs on imports started raising the cost of some goods. Focus now shifts to U.S. jobs data, due later on Friday, as investors assess the Federal Reserve's policy trajectory, with July job growth expected to have slowed and the unemployment rate projected to rise to 4.2%. Gold, often considered a safe-haven asset during economic uncertainties, tends to perform well in a low-interest-rate environment. Physical gold demand in key Asian markets improved slightly this week as a pullback in prices sparked buying interest, though volatility kept some buyers cautious. Spot silver fell 0.7% to $36.50 per ounce, platinum lost 0.8% at $1,278.40 and palladium was down 0.2% to $1,188.28. All three metals were headed for weekly losses.
Shafaq News
01-08-2025
- Business
- Shafaq News
Gold set for third weekly loss amid stronger dollar, reduced Fed rate cut hopes
Shafaq News Gold prices held steady on Friday, but is poised for a third consecutive weekly loss pressured by a stronger dollar and diminished expectations for U.S. rate cuts, while uncertainty from U.S. tariffs on trading partners offered support. Spot gold was steady at $3,288.89 per ounce, as of 0733 GMT. Bullion is down 1.4% so far this week. U.S. gold futures edged down 0.3% to $3,339.90. The dollar index hit its highest level since May 29, making gold more expensive for other currency holders. "Gold remains weighed by reduced bets for Fed rate cuts for the rest of 2025. This week's U.S. GDP, weekly jobless claims, and PCE figures also shored up the Fed's reluctance to commit to a rate cut," said Han Tan, chief market analyst at Fed held rates steady in the 4.25%-4.50% range on Wednesday and dampened expectations for a September rate cut. U.S. President Donald Trump slapped steep tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan, pressing ahead with his plans to reorder the global economy ahead of a Friday trade deal deadline. "The precious metal should, however, remain supported amid the still-uncertain impact from U.S. tariffs on global economic growth," Tan said. U.S. inflation increased in June as tariffs on imports started raising the cost of some goods. Focus now shifts to U.S. jobs data, due later on Friday, as investors assess the Federal Reserve's policy trajectory, with July job growth expected to have slowed and the unemployment rate projected to rise to 4.2%. Gold, often considered a safe-haven asset during economic uncertainties, tends to perform well in a low-interest-rate environment. Physical gold demand in key Asian markets improved slightly this week as a pullback in prices sparked buying interest, though volatility kept some buyers cautious. Spot silver fell 0.7% to $36.50 per ounce, platinum lost 0.8% at $1,278.40 and palladium was down 0.2% to $1,188.28. All three metals were headed for weekly losses.
Business Recorder
16-07-2025
- Business
- Business Recorder
Gold firms as trade tensions buoy safe-haven demand
NEW YORK: Gold prices firmed on Tuesday as concerns over the global trade war fuelled demand for safe-haven assets, while investors awaited a key US inflation reading. Spot gold rose 0.4% to $3,354.84 per ounce, by 1153 GMT. US gold futures were up 0.1% at $3,363.40. The US dollar was down 0.1%, making gold cheaper for buyers holding other currencies. 'Gold is edging higher as bulls look to take advantage of the dollar that's a touch lighter today,' said Han Tan, chief market analyst at 'Gold enjoys plenty of supportive factors, from expectations for Fed rate cuts, US President Donald Trump's tariff threats, as well as persistent geopolitical and economic risks.' Trump escalated his trade war on Saturday, announcing a 30% tariff on most European Union and Mexican imports, after issuing similar warnings to other trading partners. The EU responded on Monday by accusing the US of resisting efforts to strike a trade deal and threatened countermeasures if no agreement is reached. On the geopolitical front, Trump has privately urged Ukraine to ramp up strikes deep inside Russia, even asking Ukrainian President Volodymyr Zelenskiy if Moscow could be targeted with US-supplied long-range weapons, the Financial Times reported on Tuesday. The Kremlin meanwhile said on Tuesday that Trump's recent statements, including a threat of sanctions on buyers of Russian exports, are serious and require analysis. Elsewhere, the US consumer price index (CPI) report, due at 1230 GMT, could give investors more guidance on the Federal Reserve's policy path. US consumer prices likely picked up in June, potentially marking the start of a long-anticipated, tariff-induced increase in inflation that has left the Fed cautious about resuming rate cuts. Elsewhere, spot silver gained 0.2% to $38.22 per ounce, after hitting its highest level since September 2011 on Monday. 'If the current gold to silver price ratio is maintained, at gold prices above $3,440/oz, we will see silver above $40/oz,' said WisdomTree commodities strategist Nitesh Shah. Platinum rose 1.6% to $1,385.60, while palladium rose 1.8% to $1,215.30.
Economic Times
15-07-2025
- Business
- Economic Times
Gold rate, silver price predictions: Experts predict short-term prices target
Gold price and silver rate are likely to have support from a number of factors including Donald Trump tariffs. Tired of too many ads? Remove Ads Gold Price Prediction Tired of too many ads? Remove Ads Gold prices firmed on Tuesday as concerns over the global trade war fuelled demand for safe-haven assets, while investors awaited a key U.S. inflation reading. Spot gold rose 0.6 per cent to $3,361.99 per ounce. U.S. gold futures were up 0.4 per cent to $3,371.30. The U.S. dollar was down 0.1 per cent, making gold cheaper for buyers holding other is edging higher as bulls look to take advantage of the dollar that's a touch lighter today, said Han Tan, chief market analyst at Gold enjoys plenty of supportive factors, from expectations for Fed rate cuts, U.S. President Donald Trump's tariff threats, as well as persistent geopolitical and economic risks, Han Tan European Union on Monday accused the U.S. of resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached to avoid the punishing tariffs Trump has threatened to impose starting on August escalated his trade war on Saturday, announcing a 30 per cent tariff on most EU and Mexican imports, after issuing similar warnings to other trading the U.S. consumer price index (CPI) report, due at 1230 GMT, could give investors more guidance on the Federal Reserve's policy path.U.S. consumer prices likely picked up in June, potentially marking the start of a long-anticipated, tariff-induced increase in inflation that has left the Fed cautious about resuming rate cuts. Markets currently anticipate 48 basis points worth of rate cuts by the end of this year, starting in spot silver gained 0.4 per cent to $38.28 per ounce, after hitting its highest level since September 2011 on Monday. If the current gold to silver price ratio is maintained, at gold prices above $3,440/oz, we will see silver above $40/oz, said WisdomTree commodities strategist Nitesh rose 0.8 per cent to $1,373.85, while palladium rose 0.2 per cent to $1,195.59.A1. Elsewhere, spot silver gained 0.4 per cent to $38.28 per ounce, after hitting its highest level since September 2011 on Monday.A2. Spot gold rose 0.6 per cent to $3,361.99 per ounce. U.S. gold futures were up 0.4 per cent to $3,371.30.
Time of India
15-07-2025
- Business
- Time of India
Gold rate, silver price predictions: Experts predict short-term prices target
Gold price and silver rate are likely to have support from a number of factors including Donald Trump tariffs. Tired of too many ads? Remove Ads Gold Price Prediction Tired of too many ads? Remove Ads Gold prices firmed on Tuesday as concerns over the global trade war fuelled demand for safe-haven assets, while investors awaited a key U.S. inflation reading. Spot gold rose 0.6 per cent to $3,361.99 per ounce. U.S. gold futures were up 0.4 per cent to $3,371.30. The U.S. dollar was down 0.1 per cent, making gold cheaper for buyers holding other is edging higher as bulls look to take advantage of the dollar that's a touch lighter today, said Han Tan, chief market analyst at Gold enjoys plenty of supportive factors, from expectations for Fed rate cuts, U.S. President Donald Trump's tariff threats, as well as persistent geopolitical and economic risks, Han Tan European Union on Monday accused the U.S. of resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached to avoid the punishing tariffs Trump has threatened to impose starting on August escalated his trade war on Saturday, announcing a 30 per cent tariff on most EU and Mexican imports, after issuing similar warnings to other trading the U.S. consumer price index (CPI) report, due at 1230 GMT, could give investors more guidance on the Federal Reserve's policy path.U.S. consumer prices likely picked up in June, potentially marking the start of a long-anticipated, tariff-induced increase in inflation that has left the Fed cautious about resuming rate cuts. Markets currently anticipate 48 basis points worth of rate cuts by the end of this year, starting in spot silver gained 0.4 per cent to $38.28 per ounce, after hitting its highest level since September 2011 on Monday. If the current gold to silver price ratio is maintained, at gold prices above $3,440/oz, we will see silver above $40/oz, said WisdomTree commodities strategist Nitesh rose 0.8 per cent to $1,373.85, while palladium rose 0.2 per cent to $1,195.59.A1. Elsewhere, spot silver gained 0.4 per cent to $38.28 per ounce, after hitting its highest level since September 2011 on Monday.A2. Spot gold rose 0.6 per cent to $3,361.99 per ounce. U.S. gold futures were up 0.4 per cent to $3,371.30.
